Full text of H.6 Money Stock Measures : October 1, 1987

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

,-;piJi§k&..

FEDERAL RESERVE statistical release
These data are scheduled for release each Thursday at 4:30 p.m.

H.6(506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBJU

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M2
M3
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RP», term Eurodollars
and institution-only
and broker/dealer), MMOAs,
and savings and small
MMMF balances3
time deposits
Seasonally adjusted

1986—AUG.
SEPT.
OCT.
NO¥.
DEC

687.0
693.1
701.4
712.4
730.5

2718.7
2736.8
2761.4
2776.3
2801.2

3422.7
3443.7
3462.4
3492.3

1987—JAM.

737.7
737.4
739.5
750.3
753.1
746.6
747.6
750.9

2823.5
2423.0
2826.5
2*39.9
2840.7
2842.3
2348.3
2862.6

3518.4
3522.3
3527.3
3543.9
3560.2
3577.1
3584.0
3606.7

BAB.
APR.
HA I
JUNE
JOLT
AUG.

3396.8

I,

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

4027.7
4057.8
4064.2
4110.8
4144.2

7277.9
7363.7
742J.1
7499.5
7601.3

4177.8
4186.5
4176.6
4188.5
4221.2
4232.8
4224.1

7666.2
7697.8
7748.1
7806.8
7865.1
7916.9
7960.3

1987

Not seasonally adjusted
T986—AUG.
SEPT,
OCT..
HO?.
DEC.

685.2
691.2
698.9
715.4
746.5

2716.1
2729.3
2757.8
2778.5
2814.7

3392.2
34 17. 1
3440.2
3466.7
3507.5

4024.4
4051.8
4078.5
4113.6
4157.6

7256.8
7347.8
7410.4
7486.8
7594.9

1987—JAM.
FEB.
BAR.
APB.
HA I
JUIE
JO L I
AOG.

744.4
723.3
728.9
757.5
744.9
749.1
751.5
749.3

2833.7
2811.1
2820.3
2848.6
2829.6
2843.4
2855.5
2860.6

3529.2
3512.6
3524.4
3552.0
3550.4
3574.9
3583.8
3602.2

4189.1
4178.3
4179.9
4196.5
4205.7
4232.1
4224.3

7659.6
7678.4
772U..3
7777.0
7835.5
78*0.4
7936.9

M1
For period ended

1987-AUG.

SEPT.

MOTE:

13-week average

Seasonally adjusted
4-week average

3
10
17
24
31

749.3
749.2
749.0
748.6
748.4

748.0
749.6
750.3
751.2
751.1

751.6
749.6
750.7
753.0
750.9

748.4
749.2
749.8
750.2
749.8

748.0
747.9
74b.7
750.0
746.5

747.0
757.4
753.6
741.8
741.0

7
14 P
21 P

748.5
748.9
749.3

750.3
750.2
750.9

746.4
750.4
755.8

749.8
750.2
750.5

748.8
750.5
751.9

758.9
760.2
747.5

week average

SPECIAL CAUTION SHOULD BE TAKE* I I IVTEfiPBSTIIG
HIGHLY VOLATILE AJiD SUBJECT TO B E f l S I O N .
P—INDICATES P f i S L i a i H A & I DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




13-week average

Not seasonally adjusted
4-week average

week average

KEEK-TO-KEEK CHANGES III BONE! SUi>PLI DATA, ffHICfl

AfiE

H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
2

RBrcent change at seasonally adjusted annual rates
M1

M2

M3

Debt 1

3 MONTHS FROM HAY

1987 TO AUG.

1987

-1.2

3. 1

5.2

7.9

6 MONTHS FROM FEB.

1 9 8 7 TO AUG.

1987

3.7

2. a

4.8

7.7

12 MONTHS FROM AUG.

1986 TO AUG.

1987

9.3

5.3

6.2

10.7

THIRTEEN WEEKS ENDING SEPT. 2 1 , 1 9 8 7
FROM THIRTEEN V££XS EMDIMG;
JUNE

22,

1987

( 1 3 WEEKS PREVIOUS)

-0.1

MAR.

23,

1987

( 2 6 WEEKS PREVIOUS)

3.1

SEPT. 2 2 #

1986

( 5 2 WEEKS PREVIOUS)

9.6
• •

1/

1/

2/

3/

4/
5/

I ft T -

•

GROWTH RATES FOR DEBT ARE BASED OK PERIODS BEGINNING AMD ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, APRIL 1987 TO JULY 1987, JANUARY 1987 TO JULI 1987, AMD JULY 1986 TO JULY 1987, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESER9E BANKS, AND THE VAULTS OF C0a&2RClAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH JLTEBS IM THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (MOM) AND AUTOMATIC TRkMSFER SERVICE (ATS) ACCOUNTS AT DEPOSITOR! INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEHAMD DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AflOUMT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRAMCHES OF U.S. BANKS WORLDWIDE, HMOAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AflOUNTS OF LESS THAN $100,000), AND bALAMC&S IM BOTH
TAXABLE AND TAX-BXBHPT GENERAL PURPOSE AND BROKER/DEALER HONEY JURKET HU1UAL FUMDS^ EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY AARKBT FUMDS. ALSO EXCLUDES ALL BALANCES HELD BY U,S* COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE 0.3. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT TBAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,QOQ OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
•OBLDNIDE AND AT ALL BANKING OFFICES IM THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AMD TAX-EXEMPT
INSTITUTION-ONLY HOMEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUMDSS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FQMDS*
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AMD BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUMD HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANC1AL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DBBZ CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE bESLlV&D FROM THE FEDERAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA QN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN flOMTU-AVERAGE FORM, DERIVED BY AVEBAGING MONTH-END LEVELS OF ADJACENT MONTHS. THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUMDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE UiFFEUS, THEREFORE, FROM THE QUARTERLY FLOW OF FUMUS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z. 7 AMD Z.I. XM THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A UUARTER-SND BASIS AND INCLUDE DISCONTINUITIES.




H.tiBOft

COMPONENTS OF THE MONEY STOCK
M*Moo9 of dollars, aaaaooaity a^fuatad

chacka*

Oamand
dapoalts'

Omar
cnackabta
dapoatts4

'

mm*

onlj?

179.0
179.7

6.4
6.4

291.2
292.2

210.4
214.7

2031.7
2043.7

678.0
686.0

banks
137.5
141.1

197.2
200.3

334.6
341.4

lalactad nuniianaai lions Itama
SmaJI tuna dapoalta*
at
at
total
banks
476.7
499.6
377.0
374.1
872.2
498.1

OCT.
•OF.
DEC.

181.2
182.4
183.5

6.4
6.4
6.4

293.4
297.8
308.3

220.3
225.8
232,3

2060.0
2063,9
2070.8

682.3
686.1
691.1

145.8
150.2
154. S

204.7
208.3
211.8

350.5
358.5
366.3

370.0
365.9
364.7

494.6
491.3
488*7

864.7
857.1
853.5

288,1
289.9
291.8

157.4
155.9
155.3

®4S~5
445.8
447.1

1987-JAI.
FEB.
HAS.

186.0
187.2
187.7

6,5
6.7
6.8

305.1
300.8
299.3

240,1
242.9
245.7

2085.8
2085.6
2087.0

695,0
699.3
700.7

159,8
164.4
168.3

216.9
222.7
228.0

376.7
387.2
396.3

364.7
362.6
360.0

487.0
485.9
486.1

851.7
848,5
846.1

295.7
296.0
299.0

154.0
152,3
151.1

449.7
448.2
450.1

APB.
HAI
JUHB

188.9
190.2
191.1

6.8
6.7
6.8

303,9
303.9
297.4

250.7
252.2
251.2

2089.6
2087.6
2095.7

704.0
719,5
734.8

172.2
174.5
175.5

233.8
237.2
239.7

406.1
411.7
415.2

357.5
357.1
360.1

486.4
486.2
490.2

643.9
643.3
850.3

305.9
310.7
314.9

14 g. 7
149.0.
150.1

454.6
459.7
465.0

JULI
AUG.

192.1
193.2

6,8
6.9

296.2
296.4

252.5
254.5

2100.8
2111.6

735.7
744.1

176.6
178.0

240.1
242.0

416.7
420.0

363.4
365-3

495.4
50Q.6

858.8
865,9

313.7
313.8

151.2
152.9

464.9
466.7

192.1
192.9
193.2
193.7
193.4

298.3
296.0
295.8
296.9
296.1

254.3
253.8
254.8
255.5
254.4

177.6
178.0
178.2
178.0
178.0

365.0
365.1
365.1
365.5
365.6

193.9
194.1
194.7

292.1
294.6
296.7

253.3
254.8
257.3

178.1
178.0
177.9

365.7
366.8
367.5

Oata

1986-AOG.
SEPT.

Cunancy

1

oomponants
at

Payings dapostts7
at
total

Laqw tlma dapesfts"
at
total
tMft
banks1* mstmjtfef*
449.4
290.1
159.3
289.-8
158.7
at

VEBK E I D I I G
1987
AUG.

3
10
17
24
31

SEPT. 7
14 P
21 P

1/
2/
3/

4/
5/
6/
7/
8/

9/
10/

313.3
314.5
313.1
314.4
313.6

;

314.5
315.2
315.1

COBBEICT OOTSIDE TBB O . S . TBBAS0BI, F BOB HAL RESERVE BAIKS AMD f AOLTS OP COflflEHCIAL BAIKS.
* I d . ODES t i l l BSTIHATED
ABOOII OP FAULT CASH HELD BI TUBIPT I I S T I T U T I O I S TO SERVICE THBIB OCD L I A B I L I T I E S .
OOTSTAIDIIG AHOOIT OF O . S . DOLLAB-DBIOHIRATED TRAVELERS CBRdS
OP IOIBAIK ISSUERS1RAWELERS CHECKS ISSUED Bf D8P0SITQBZ
I I S T I T 0 T I O I 5 ABE IICLODBD I I DEBAMD DEPOSITS.
DEflAMD DEPOSITS AT COflHBHCIAL BAIKS AMD POBEIG1 RELklED I I S T I T O T I O I S OTHEB THAU THOSE DUE TO DOASSTIC BAHKS# THE O . S . GOfSBVHEMT AID POBEIGI BAIKS AID OFFICIAL I I S T I T U T I O I S LESS CASH I T BBS I I THE PBOCBSS OP COLLECTION AID JPEAERAL fiBSMIB FLOAT.
EXCLUDES THE BSTIBATID AHOOMT OP DEHAID DEPOSITS HELD AT COflHBHCIAL BAJKS B I THBIPT I I S T I T O T I O I S TO S E B f l C E THEIB OCD
LIABILITIES,
COISISTS OP 1 0 8 AID ATS BALAICES AT ALL DBPOSITOBI I I S T I T O T I O I S , CBEDIT U I I O I SHABE DBAFT BALAICES AID
DSflAID DEPOSITS AT TttBIPT I I S T I T O T I O I S .
SDH OP OfBBIIGHT EPS AID OfEBIIGHT E0BODOUABS # HOIEI A&BKBT T9MD BALAJICES (GEJBBAJ- POBPOSB AID BHOJUtt/DEALEB).
BHDAS# AID S A F I I C S AID SHALL TIHE DEPOSITS. LESS THE COISOLIDATIOI ADJOSTHBIT THAT BBPfiBSBITS THE ESTIHATBD AHO0IX OP
DSflAID DEPOSITS AID FAOLT CASH HELD BI THRIFT IISTIT4TTIOIS TO SERWLCE THBIB TIHB AID SAVIIGS DEPOSITS L I A B I L I T I E S .
SDH OF LABGE TIHE DEPOSITS. TBHH BPS AID TEBH EUBODOLLABS OF O . S . B E S I D I I T S , HOIEI HABKET FUID BALAICES (IISTITOTIOftO I L T ) . LESS A COISOLIDATIOI ADJOSTHBIT THAT BEPBBSSITS THE BSTIHATED AHODIT OP OfBBIIGHT BPS AID EUBODOLLABS HELD B I
I I S T I T O T I O I - O I L I HOIEI HABKBT FUMDS.
SAYUGS DBPOSITS EICLUDE HHDAS.
SHALL DEIOHIIATIOI TIBS DEPOSITS—IICLDDIRG BBTAIL B P S — ABE THOSE ISSUBD I I AHODITS OF LESS THAI i 1 Q 0 , 0 Q 0 . ALL
IIDI?IDOAL BSTIBEHSIT ACCODMTS (IBA) AND KEOGH ACCOUITS AT COflMEBCIAL BAJKS AID THBIFTS ABE SOBTBACTED FROB SHALL
TIHE DEPOSITS.
LARGE DBIOflllATIOI TIHE DEPOSITS ABE THOSE ISSUED I I AH0UMT5 OF $ 1 0 0 , 0 0 0 OB BORE, BICLUDIIG THOSE BOOKED AT
INT£BJIATIOIAL BAMKIIG FACILITIES.
LARGE DEMOHIIATIOI TIHB DBPOSITS AT COHHERCIAL BAIKS LESS THOSE HELD BI flOMEI HABKET HUTOAL FUIDS #
DEPOSITOBI IMSTITCTIOHS AND FOHBIGM BAIKS AID OPFIC1AL IHSTITUTIOMS.




H.6 (508)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Billions of dollars, seasonally adjusted

Date

savings bonds

Non-M3 components of L
short-term treasury
bankers acceptances2
securities1

commercial paper3

Debt components 4
federal debt
non-federal debt

64.3
85.3
86.4

292.6
288.7
287.9

39.0
37.3
36.9

214.5
219.7
223.9

1711.3
1727.7
1746.4

5480.. 4
5550.3
5617.3

OCT.
NOV.
DEC.

87.7
89.8
91.7

286.7
292.2
292.4

37.7
38.0
37.5

228.4
228.4
230.2

1757.2
1775.6
1803.9

5665.9
5723.8
5797.5

1987-JAN.
FEB.
MAR.

92.7
93.5
94.3

289.3
291.7
276. 1

37.8
39.3
39.8

239.7
239.8
239.1

1818.0
1832.2
1849.3

5848.2
5865.6
5898. 0

APR.
flAI
JUNE

95.1
95.9
96.$

263.4
268.5
263.7

41.2
42.4
43.5

244.9
254. 3
252.1

1861.1
1823.9
1685.6

5945.7
5991.3
6031.3

joir p

97.3

250.6

43.9

248.2

iaoa.6

6071.6

1986-JULY
AUG.
SEPT.

1/

CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH R3MAIMING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAU DEPOSITOR!
INSTITUTIONS, FEDERAL RESERYE BANKS, HOMBI MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
2/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERkL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY HARKET MUTUAL FUNDS.
3/ TOTAL COMMERCIAL PAPER LESS COBHERCIAL PAPER H4LD BYflONEYHARKET MUTUAL FUNDS.
4/ * DEBT DATA ARE ON A MONTHLY AVERAGE BIS1S0 DERIVED BY AVERAGING EMD-OF-NONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO ASMOVE DISCONTINUITIES.




H.6 (508)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Other checkable deposits
Date

Demand
deposits3

Travelers
checks 2

Currency1

at commercial
banks4

at thrift
institutions9

Nontransactions components
total

in M2*

7

in M3 only

Overnight
RPss

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

179.9
179.5

7.3
6.9

289.4
291.3

143.0
146.9

65.6
66.6

208.6
213.5

2030.9
2038. 1

676.2
687.8

57.9
56.0

17.J
17.2

200.5
202.2

OCT.
HO?.
DEC

180.9
183.2
186.2

6.5
6.1
6.0

293.0
300.1
319.5

150.4
155.7
162.8

68.0
70.3
72.2

218.5
226.0
235.0

2058.9
2063.1
2068.2

682.41
686.1
692.8

58*8
58.7
59.4

19.4
18.8
19.0

206.9
20 7.1
207.6

1987-JAH.
FEB.
HAB.

184.6
184.8
186.0

6.0
6.2
6.4

311.0
292.0
291.5

169.8
167.6
170.4

73.1
72.7
74.5

242.8
240.3
245.0

2089.3
2087.8
2091.3

695.5
701.5
704. 1

62.4
60.6
58.3

22.3
19.5
18.6

209.0
210.7
211.6

APB.
HAT
JUNE

188.0
190.2
191.9

6.4
6.5
7.1

305.8
298.8
298.8

178.6
171.7
172.9

78.8
77.8
78.4

257.4
249.4
251.3

2091.0
2084.7
2094.3

703.5
720.7
731.5

56.2
55.1
54.5

20.7
20.9
20.0

211.0
209. 1
210.2

JOLT
AUG.

193.8
194.1

7.7
7.9

298.7
294.8

172.9
174.5

78.5
77.9

251.3
252.5

2104.0
2111.3

728.3
741.6

56.0
59.5

18.7
18.0

210.4
213.4

60.1
60.4
59.3
59.2
58.8

20.5
17.J
17.6
17.2
19.0

211.7
212.8
213.0
214.2
214.4

58.4
59.1
59.0

16.9
18.2
20.3

215.0
218.4
218.4

1986-AUG.
SEPT.

HBEK ENDINGS
1987-AUG.

SEPT.

3
10
17
24
31

193.1
195.6
194.6
193.6
192.6

295.4
298.1
297.9
290.2
290.6

172.8
176.3
174.6
173.6
173.5

77.3
79.6
78.6
76.5
76.5

250.5
255.9
253.2
250.1
250.0

7
14 P
21 P

196.0
194.8
194.2

296.8
299.1
291.9

178.8
179.3
176.3

79.6
79.3
77.7

258.4
258.6
253.9

!

i

{

•

i

1/
2/
3/

4/
5/
6/
7/
8/
9/

C0BREICX OUTSIDE THE O . S . TBBASQBY, PBDEBAL RESERVE BANCS AID THE VAULTS OF COHHBBCIAL BANKS. EXCLUDES THE ESTIMATE*
AMOUNT OP fAOLT CASH HELD BI THHIFT IISTITUTIOMS TO SEfifXCB THEXfi OCD LIABILITIES.
OUTSTANDING ABOOIT OF 0 . S , DOLLAR-DEMO HI HATED TRAVELERS CHECKS OF IONBAHK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSIT OB I
INSTITUTIONS ABE INCLUDED I I DEMAID DEPOSITS.
DBHAND DEPOSITS AT COAHBRCIAL BARKS OTHER THAN THOSE DOB TO DOflftSTIC BABKS, THE U.S. GOFEBBflEIT AID FOBEIGI BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBHS I I THE PBOCESS OF COLLECTION AID F . B . FLOAT, LESS THE ESTIHATED ABOUBT OF BEIAID
DEPOSITS HELD AT COHHEBCIAL BAIKS sr THBIFT INSTITUTIONS TO SEBYICE THEIB OCD LIABILITIES.
CONSISTS OF ION AID ATS BALANCES AT COBHEBCIAL BANKS, U.S. BBABCHES AID AGENCIES OF FOBEIGI BAIKS, AID EDGE ACT
CORPORATIONS.
CONSISTS OF 101 AID ATS BALANCES AT SAFIIGS AID LOAN ASSOCIATIONS AID HOTOAL SATINGS BANKS, CBBDIT UNION SflABE
DBAFT BALANCES, AID DEHAID DEPOSITS AT THBIFTS.
SOB OF OTEBIIGHT EPS AND EURODOLLARS, MOBEl MARKET FOND BALANCES (GENEBAL PUBPOSE AND BROKER/DEALER), HHDAS AID SAflIGS
AID SHALL TXHE DEPOSITS LESS THE ESTIHATED AHOUIT OF DEHAND DEPOSITS AID VAULT CASH HELD BI THBIFT INSTITUTIONS TO SERVICE
THEIB TIME AND SAVINGS DEPOSIT LIABILITIES.
SOH OF LABGE TIHB DEPOSITS, TEfifl BPS AND EURODOLLARS OF U.S. BBSIDBNTS, HONEY JIABKET FUND BALANCES (IMSTITUTION-ONLI), LESS A
CONSOLIDATION ADJUSTSBUT THAT REPRESENTS THE ESTIHATED AMOUNT Of OVERNIGHT RPS AND EURODOLLARS HELD BI INSTITUTION-QNLY
HONEY HARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITOR! INSTITUTIONS AND
HONEY HARKET HUTUAL FONDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY HARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted

Date

Money market deposit ac
at
at
thrift
commercial
institutions
banks

total

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
thrift
commercial
institutions
banks

Large denomination time deposits3
at
at
total
commercial
thrift
4
banks
institutions

364.3
368.9

189.3
189.9

553.6
558.8

137.6
141.0

195.6
198.6

333.2
339.6

378.5
375.9

498.9
497.4

877.5
873.3

289.9
291.2

159.3
159.1

449.2
450.3

OCT.
MOV.
DEC.

372.6
375.9
379.0

191.9
192.8
192.4

564.4
568.7
571.4

146.4
150.3
153.8

204.8
209.0
211.8

351.2
359.3
365.6

371.3
366.7
3)64.4

496.1
492.8
489.8

867.3
859.5
854.2

289.3
290.6
293.2

1S7.8
156.0
154.9

447.1
446.7
448. 1

1987-JAN.
FEB.
MAR.

381.7
378.5
373.2

192.5
192.3
192.3

574.3
570.8
570.6

159.2
162.8
167.2

217.1
221.8
227.9

376.4
384.6
395.1

364.4
362.1
359.7

490.0
488.4
486.3

854.5
854.5
846.0

296.9
298. 1
J01.3

154.4
153.1
151.2

451.3
451.2
452.5

APB.
HAT
JUNE

375. 4
368.9
367.6

190.1
188.3
185.9

565.5
557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.8

406.1
412.7
417.5

355.6
355.7
359.7

484.7
482.9
487.4

840.3
838.6
847.1

J03.2
309.2
311.8

148.0
149.0
149.7

451.2
458.3
461.5

JULI
AUG.

365.2
364.0

182*8
179.5

548.0
543.5

178.4
178.2

241.9
240.1

420.3
418.4

363.9
366.7

495.0
499.8

858.9
866.5

310.4
J13.1

ISO. 6
153.1

461.0
466.2

1986-AUG.
SEPT.

•BEK ENDING
1987
AUG.

3
10
17
24
31

SEPT. 7
Id P
21 P

1/
2/

3/
4/

364.2
364.8
364.0
363.9
363.1

178.4
178.8
178.6
177.9
177.6

365.6
366.2
366.5
367.1
367.3

311.2
312.9
312.0
314.2
314.5

364.6
365.1
361.6

178.2
178.2
177.7

368.0
368.5
369.2

J15.2
J15.6
J16.2

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIflE DEPOSITS — INCLUDING BBTAIL BPS ~
ABE THOSE I S 3 0 E D I N AHOUMTS OF
INDIVIDUAL BETIBEHENT ACCOUNTS ( I S A ) AMD KEOGH ACCOUNTS AT CGflMEBCIAL BANKS AND THRIFTS ABE
TIflE D E P O S I T S .
LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OB flOfifi, EXCLUDING
BANKING F A C I L I T I E S ( I B F S ) •
LARGE DENOMINATION T I B S DEPOSITS AT COHflEBCIAL BANKS LESS THOSE HELD 3 1 NONET MARKET MUTUAL
INSTITUTIONS AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS.




LESS THAN $ 1 0 0 , 0 0 0 . ALL
3UBTBACTE0 FBOM SHALL
THOSE BOOKED AT INTEBNATIONAL
FUNDS,

DEPOSITOR!

H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
Date

Institution
only money
market funds

at commercial
banks

total

at thrift
institutions

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term "
Bankers
treasury
acceptances 4
securities'

Components of Debt
Commercial
paper*

Federal debt 9

Non-Federal*
debt

80.8
84.4

33.9
35.7

41.0
42.4

74.9
78.1

78.0
81.4

65.2
86.4

290.2
287.8

37.9
37.4

219.0
22^%

1713.3
1734.5

5543.6
5613.3

OCT.
NOF.
DEC

84.5
84.4
64.1

34.5
37.3
35.4

44.3
46.6
48.6

78.8
83.8
84.0

78.0
79.3
83.0

87.8
89.9
91.9

283.8
291.0
292.2

38.0
38.0
37.4

228.7
227.9
226.7

1748.6
1771.7
1803.3

5661.8
5715.0
5791.6

198 7 - J A N .
FSB.
HA B.

84.0
84.7
64.9

34.1
35.4
34.9

49.5
51.8
52.3

83.6
87.2
87.2

84.6
87.6
86.2

92.7
93.5
94.3

290.1
292.9
281.8

37.8
38.9
39.3

239.3
240.4
240.2

1816.9
1626.7
1638.3

5842.6
5851.7
5682.0

APR.
MAX
JUNE

83.1
81.8
81.3

38.4
40.8
40.8

56.0
61.5
66.2

94.3
102.3
107.0

83.9
87.0
89.5

95.1
95.8
96.5

265.2
263.7
262.0

40.5
42.2
43.5

243.8
253.6
255.1

1646.7
1657.8
1869. 1

5930.3
5977.7
6021.3

JDLJ
AUG.

83.4
83.4

39.0
40.0

67.5
66.6

106.5
106.7

86.2
94.0

97.1

250.2

44.1

249.0

1872.4

6064.5

3
10
17
24
31

84.5
83.4
83.2
83.7
82.9

38.4
38.7
39.8
40.9
41.3

7
14 P
21 P

82.4
80.7
80.6

40.8
40.5
40.8

1986-AUG.
SEPT.

.

8EEK ENDING:
1987-AUG.

SEPT.

1/
2/
3/
4/
5/
6/

TERB RPS ARE THOSE BITfl ORIGINAL HATOilTIES GREATER THAN OIK DAI, ElCLODIMG CONTINUING CONTRACTS AflO RETAIL RPS. INCLUDES
A BELAT1VELI SHALL AaOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TEES EURODOLLARS ABB THOSE 8ITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BANKS tfORLDHIDS AND BX ALL BANKING OFFICES IB THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
61 DEPOSITORI INSTITUTIONS AND HONBT HABKBT HUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS MITH REMAINING MATURITIES OF LESS THAN 12 SONTHS MELD BI OTHER THAN DEPOSITOR!
INSTITUTIONS, rEDERAL RESERVE BANKS, MONET MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BX ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SISTEM AND MONEI MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BI MONET MARKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLT AVEBAGI5 BASIS, DERIVED BI AVERAGING END-OF-NONTH LEVELS OF ADJACENT MONTHS, AMD HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 {bOb)
Table 6

MEMORANDUM ITEMS
Billions of dollars not seasonally adjusted
! Demand deposits at banks_duejto

Date

foreign
commercial
banks

foreign
official
institutions

Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

9-5
9.9

1.7
1.8

4.2
4.2

3.0
3.6

3.2
5.6

8. 1
14.6

14.2
23.8

.7
•8

71.3
71.5

95.1
95.2

10.2
10.5

176.7
177.2

OCT.
MOV.
DEC

10.0
9.7
9.9

1.8
2.0
1.8

4.2
4.1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

•8
.7
.7

71.6
72. 1
72.8

95.6
95.6
96.2

10.8
1Q.7
10.7

178. 1
178.4
179.7

1 9 8 7 - JAM.
BAR.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.6
5.0
3.1

23.8
25.2
13.6

37.1
33.6
20.3

.7
.6
•6

73.4
74.0
75.4

97.2
97.7
98.8

10.8
11.0
11.2

181.4
182.8
185.4

APE.
HA I
JOIB

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.9

5.0
3.4
3.6

7.0
16.0
8.7

16.6
27.4
21.8

28.5
46.8
34.2

.7
•8
•8

78.5
79.2
79.5

101.3
102.0
102.7

12.4
12. 8e
12. tie

192.1
193. 9e
194.9e

JULI
AUG.

9.7
9.3

2.0
2.1

3.8
3.8

3.3
3.0

5.3
3.4

23.3
18.6

31.9
25.0

1.8
1.8

80.
80.

103.5
103.6e

12. 8e
12. 8e

196.3e
197. 1e

10.2
9.6
8.6
9.0
9.7

1.9
2.3
2.0
1.9
2.2

3.8
3.8
3.8
3.8
3.8

3.2
3.1
3.2
3.0
2.6

5.0
3.6
3.2
2.9
3. 1

15.4
15.8
15.5
22.4
22.1

23.6
22.5
21.9
28.3
27.8

•8
.8
.8
.8
.8

9.7
10.0
10.3

2.1
1.9
1.8

3.8
3.8
3.8

3.3
3.2
1.2

4.5
2.9
16.4

15.0
13.8
26.8

22.8
19.9
50.4

.7
.7
.7

1986-AUG.
SEPT.

MEEK B I D I I G

1987
A 06.

3
10
17
24
31

SEPT. 7
14 P
21 P

e = estimated